KBC: Sees growth in adoption of digital and mobile wallets amidst Covid-19
- KBC Bank, Ireland’s digital first bank, recorded a significant increase in customers using its digital and mobile wallets
- Contactless payments made through KBC’s market-leading range of digital and mobile wallets increased by 38% year-on-year in June
- The growth in digital and mobile payments signals a significant shift in consumer banking behaviour following the outbreak of COVID-19
- Recent data from the Banking and Payments Federation Ireland (BPFI) also point to an increase in the value of contactless transactions
- Spending on KBC debit cards increased by 32% in June, marking the second highest monthly spend on record
- Contactless payments made through KBC’s digital and also mobile wallets are free
